Iraqi Industry Minister reveals Shell is expected to team up with Dow Chemical to expand a chemical plant near Basra
August 29, 2007
Steve Hawkes
Shell is in talks with the Iraqi Government about restoring and expanding a chemical plant near the city of Basra in a $2.1 billion (£1.1 billion) project, it emerged today.
Fawzi Hariri, Iraq’s Industry Minister, revealed that the terms of an agreement with Shell and the US giant Dow Chemical could be concluded by the end of the year.
He told Reuters: “We are looking to upgrade this [plant], and evaluate what type of products and facilities we need for the local market and beyond.”